North America Satellite Payloads Market Report

North America Satellite Payloads Market Report, By Orbit Type (Low Earth Orbit (LEO), Medium Earth Orbit (MEO), Geostationary Earth Orbit (GEO)), Payload Weight (Low, Medium, High) Application and Geography – Market Share, Trend Analysis & Forecast , 2019 - 2028

Report Code : 11316 | Publish Date : Upcoming | Industry : Technology | Geography : North America

COVID-19 Impact Analysis on NA Satellite Payloads Market

The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the NA Satellite Payloads market. In addition, complete analysis of changes on the NA Satellite Payloads market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on NA economies, international trade, business investments, GDP and marketing strategies of key players present in the market. The surge in COVID-19 and supply chain disruptions have not much impacted the satellite sectors. The impact of COVID-19 was analyzed in three scenarios: realistic, optimistic, and pessimistic. However, realistic scenarios were considered for further calculations. Production of satellite systems, components and assembly lines was moderate. The launch has been delayed due to the impact of COVID-19 on the space industry. Production activities ceased and some companies filed for bankruptcy. Current satellite launch contracts and supply of satellite subsystems are expected to continue on a revised schedule, with launches expected to recover rapidly from 2022.

Market Overview- North America Satellite Payloads Market

Market Drivers 

The key factor driving the market growth is rising demand for earth observation imagery payloads. Earth observation payload primarily covers the monitoring of agricultural fields, detection of climatic changes, disaster mitigation, meteorology, and several other resources. The demand for high-resolution earth imaging payload has increased across verticals, as images can be used for various purposes, such as precise management of land, water, and forest resources. The US government is the largest purchaser of satellite imagery payload today. For this reason, most satellite payload companies, US-based and others, see the US government as a stable long-term customer to get started with. 

Market Opportunity

The NA Satellite Payloads market is expected to use of software-defined radio payloads technology for flexibility to alter space mission. Flexibility and ability to reconfigure a satellite payloads that is already in orbit are something operators have been asking for years. Especially for operators of Geostationary Orbit (GEO) satellites payloads that usually have lifespans of 15 years or more, the ability to adjust the spacecraft to the changing needs of the market is essential. That might include moving a satellite into a different position or even switching its functionality from TV broadcasting to internet connectivity—something that would be impossible with the traditional hardware-defined satellite payloads. Recently American satellite manufacturer Lockheed Martin launched a bunch of CubeSats into the Low-Earth Orbit (LEO). These CubeSats, however, will be somewhat different from regular CubeSats. They will attempt to launch in formations, act as a space-based cloud computing platform, process data onboard, and have their functionality changed through software updates beamed from the ground during the mission. The demonstration will present Lockheed Martin’s entrée into the era of software-defined satellite payloads that rely on rather generic hardware but flexible software to define their missions.

Market Restraints

The major restraining factor is the high cost of launching a satellite. Launching a single satellite into space can cost anywhere between $10 million and $400 million, depending on the vehicle used. A small launch vehicle such as the Pegasus XL rocket can lift 976 pounds (443 kilograms) into low-Earth orbit for about $13.5 million. That works out to be almost $14,000 per pound.

Market Growth Challenges

The major growth challenge for the market is government policies.. Satellite payloads may pose a threat to the space environment as they are often launched in densely populated orbits. This is because small satellite payloads are subsidiary payloads that are piggybacked on launches dedicated to much larger and more expensive satellites. They are generally deployed near or with other large satellites. These large satellites are positioned in sun-synchronous orbits or geostationary transfer orbits, which have space debris. 

Cumulative Growth Analysis

The report provides in-depth analysis of NA Satellite Payloads market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. With increasing demand for various Satellite Payloads  in various applications  has led the increasing demand for  market and is expected to witness the growth at a specific CAGR from 2021-2028. 

Market Segmental Overview

The NA Satellite Payloads market comprises of different market segment like orbit type, pay load, application and geography. 

North America Satellite Payloads Market by Orbit Type 

By orbit type the satellite payload market is divided into low earth orbit (LEO), Medium Earth orbit (MEO) and Geostationary Earth Orbit (GEO). A low earth orbit is one that is closer to the earth's surface. LEO has an altitude of less than 1000 kilometers but can be as low as 160 kilometers above the earth's surface. Low orbital is useful for satellite imaging because of its close proximity to Earth, but it isn't very useful for telecommunication because it moves at a much faster speed and requires a lot more effort to track. LEO satellites do not always follow the same path around the Earth; their plane can be tilted, which means a satellite will have more available routes in LEO, and thus LEO is the most commonly used orbit. In this orbit, the communication satellite forms a net around the Earth, providing constant coverage. A medium range orbit, on the other hand, is located between LEO and GEO. MEO satellites are used for navigation. Because they are at a higher altitude, satellites in this orbit can cover a large portion of the Earth's surface. This reduces the need for satellites to cover the entire earth's surface. However, because of their high altitude, MEO satellites require more transmission power than LEO satellites.

North America Satellite Payloads Market by Pay Loads

On the basis of payload weight, the satellite payload market is divided into low, medium and high weight. High or large payload satellites are those that weigh more than 1000kg, carry a much heavier payload, travel a longer distance, and are used for space exploration. These satellites must travel very long distances, necessitating a large payload of more powerful instruments such as antennas, higher radio frequency, and improved computing power. They are also outfitted with larger solar panels, as their distance from the sun necessitates larger panels in order to generate electricity. A minisatellite, microsatellite, Nano satellite, or Pico satellite is a small payload satellite. A minisatellite weighs between 100 and 500 kg, a microsatellite weighs between 10 and 100 kg, a Nano satellite weighs between 1 and 10 kg, and a Pico satellite weighs less than 1 kg. Medium payload satellites range in weight from 500 to 1000 kg. Medium payload satellites are mostly used for navigation.

North America Satellite Payloads Market by Application

On the basis of application, the satellite payload market is used for communication, mapping and navigation, security and surveillance, remote sensing and others which include earth and space observation, meteorology and scientific research. Air-to-ground and space-to-ground communications have advanced dramatically in the last decade. The interaction between airborne and ground stations, in particular, has advanced significantly. As a result, the use of communication satellites is increasing. Satellites are used for mapping and navigation to provide precise information about position, routes, speed, and timing. The mapping and navigation system is extremely useful for military, navy, and air force personnel navigating in remote areas. Military uses satellites for security and surveillance for aerial surveillance along the country's borders. This allows military personnel to determine enemy positions during combat and devise effective strategies to protect the country's borders. Surveillance can also assist an army in determining routes for their convoy in remote areas such as high altitude mountains and terrains where permanent roads cannot be built. Satellite remote sensing is used to detect and monitor physical characteristics of an area. 

North America Satellite Payloads Market by Geography

The NA Satellite Payloads market is studied for the following region United States, Mexico and Canada. For satellite payloads, the United States region is considered to be the dominant region due to a variety of factors, the most important of which is the presence of a large number of companies in this region that are actively working in the field of space exploration and investing heavily in research in this field. Furthermore, the region is known for well-known space agencies such as NASA, which is one of the most well-known space agencies in the world. In this region, commercial companies are emerging as an important pillar for the space program, also increased investment in space program by various regulatory bodies is helping the satellite payloads market to grow further. 

North America Competitive Landscape Analysis

The competitive landscape analysis of Satellite Payloads market is certainly based range of market players operating in the food & beverage market with increasing demand for production of Satellite Payloads. Besides, number of market players offered wide range of products for different application in various geographic locations. The market has major competitive analysis based on new product launches as well as other developments. 

The key players studied in market are Boeing Company, Harris Corporation, Honeywell International Inc.,Lockheed Martin Corporation, Raytheon Company, Space Exploration Technologies Corp., , Viasat, Inc., Space Systems/Loral, LLC , Northrop Grumman among others.

Recent Development:

January 2021: The Space Development Agency awarded SpaceX a USD 149 Million contract and L3Harris a USD 193.5 Million contract to each build 4 satellites to detect and track ballistic and hypersonic missiles.

December 2020: The US Space signed a contract with?Lockheed Martin?worth?USD 511 Million?for?buying 2 more GPS satellites.?

September 2020: Northrop Grumman received a USD-298-Million contract to develop a jam-resistant military satellite to supplement and eventually replace the existing AEHF satellites made by Lockheed Martin.

North America Satellite Payloads Market Summery

Satellite payloads are an essential part of a space mission. A satellite payload is basically communication antennas, receivers or transmitters or SDR platforms. External structure, batteries and solar panel in the satellite can also be considered as its payload. Satellite payloads are mainly used for earth observation, communication and navigation applications. Likewise, NA Satellite Payloads market comprises of different market segment like orbit type Payloads, application and geography. NA Satellite Payloads Market is based on Orbit Type, Payload Weight, Application and Geography. By Orbit Type, the market is segmented into Low Earth orbit (LEO), Medium Earth orbit (MEO) and Geostationary Earth Orbit (GEO). By Payload Weight, the market is classified into Low, Medium and High. By Application, the market is based on Communication, Mapping and Navigation, Security & Surveillance, Remote Sensing and Others. The Satellite Payloads Market is studied across various key countries of regions such as, United States, Canada and Mexico. The key competitors of this market include Boeing Company, Harris Corporation, Honeywell International Inc.,Lockheed Martin Corporation, Raytheon Company, Space Exploration Technologies Corp., , Viasat, Inc., Space Systems/Loral, LLC , Northrop Grumman among others.

Scope of the Report;

  • Market Sizing for Year : 2021-2028
  • Base Year : 2021
  • Forecast Period : 2022-2028
  • Value : USD million 
  • Market Segment studied: Orbit Type, Pay Loads, Application and Geography.
  • Market Players and its Competitors: Boeing Company, Harris Corporation, Honeywell International Inc. Lockheed Martin Corporation, Raytheon Company, Space Exploration Technologies Corp., Viasat, Inc., Space Systems/Loral, LLC, Northrop Grumman among others.

FAQ Section-

1) What are the drivers for Satellite Payloads market?

The key driving factors of the market is rising demand for earth observation imagery payloads

2) Which is the leading application segment for Satellite Payloads market?

Communication has accounted the major market share, and is expected to witness the growth at highest pace during the forecast period.

3) Which region is gaining majority of market share during the forecast period (2021-2028)? 

United States is expected to gain major market share during the forecast period (2021-2028).